A man uses the new iPhone 17 outside an Apple store. Photo: Getty
A record-smashing rally in megacap high-fliers shows no signs of stopping as blow-out earnings from companies including Amazon.com and Apple defied warnings of a tech bubble.
The Magnificent Seven Index is set for its seventh consecutive monthly gain, a streak that was exceeded just once ever. The S&P 500 Index, which climbed against yesterday morning, is poised to notch its sixth-straight month of gains after soaring nearly 40pc from its April nadir in one of the fastest recoveries in stock market history. The technology-heavy Nasdaq 100 Index also rose yesterday.
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